- Monday, 08 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 09 January
There were no major data releases both from Australia and USA yesterday. The seasonally adjusted Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) registered 52.8 points in December (readings above 50 points indicate expansion). This was down by 4.7 points from Novemberindicating a slowing in the industry’s overall growth momentum in the final month of 2017. However, it marked the 11th consecutive month of expanding conditions for the AustralianPCI®.
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- Saturday, 06 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 08 January
Friday's session brought Eurozone inflation data. Euro area annual inflation is expected to be 1.4% in December 2017, down from 1.5% in November 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in December (3.0%, compared with 4.7% in November), followed by food, alcohol & tobacco (2.1%, compared with 2.2% in November), services (1.2%, stable compared with November) and non-energy industrial goods (0.5%, compared with 0.4% in November).
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- Saturday, 06 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 08 January
There were no major data releases from the UK on Friday. UK shop prices fell at their fastest rate since March in a mixed December for consumers who saw the cost of food continue to edge up. Overall shop prices were 0.6% cheaper last month than the same time last year, the deepest deflation since March and coming just after November's shallowest rate of deflation for four years at 0.1%, according to the BRC-Nielsen Shop Price Index. Non-food prices fell at their fastest rate since January last year, dropping 2.1% year-on-year compared with November's 1.1%.
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- Saturday, 06 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 08 January
Friday's session was marked by Australian Trade Balance data. In trend terms, the balance on goods and services was a deficit of $194m in November 2017, a turnaround of $296m on the surplus in October 2017. In seasonally adjusted terms, the balance on goods and services was a deficit of $628m in November 2017, an increase of $326m on the deficit in October 2017. In seasonally adjusted terms, goods and services credits rose $141m to $31,853m. Non-rural goods rose $394m (2%) and rural goods rose $25m (1%). Non-monetary gold fell $425m (23%). In seasonally adjusted terms, goods and services debits rose $467m (1%) to $32,481m.
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